As TIAA Bank becomes official, merger ‘favorable’ to Jacksonville job market 

(Courtesy of Jacksonville Business Journal) Enlarge Proposed bank signage The combination of TIAA and EverBank will be good for Jacksonville, the head of the financial service’s company’s banking operation said Monday, the day the combined organization was officially launched. “It will definitely be favorable to the overall job market in Jacksonville,” said Blake Wilson, who … Continue reading As TIAA Bank becomes official, merger ‘favorable’ to Jacksonville job market 

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Big banks to get reprieve from Volcker rule

(Courtesy of Jacksonville Business Journal)   President Donald Trump with Jerome Powell, his nominee to chair the Federal Reserve, at a news conference in the Rose Garden of the White House on Thursday, Nov. 2, 2017. Big banks are getting a big reprieve from a post-crisis rule aimed at curbing risky behavior on Wall Street. … Continue reading Big banks to get reprieve from Volcker rule

Regulators green-light Atlantic Coast Bank acquisition

(Courtesy of Jacksonville Business News) The Federal Reserve Board approved Wednesday Ameris Bancorp's (Nasdaq: ABCB) $145 million acquisition of Atlantic Coast Financial Corporation, allowing Atlantic Coast Bank to be absorbed into Ameris Bank. The transaction, announced in November, added Atlantic Coast's $913.9 million in assets and 12 banking locations to Ameris, the 159th largest insured … Continue reading Regulators green-light Atlantic Coast Bank acquisition

Jacksonville insurance company announces merger with American Family Insurance

(Courtesy of Jacksonville Business News)     The Main Street America Group, based in Jacksonville, plans to merge with American Family Insurance, the 13th largest property/casualty insurance group in the nation, the companies announced on Friday. The board of directors of both Main Street and American Family have approved the merger, which does not involve … Continue reading Jacksonville insurance company announces merger with American Family Insurance

Jax Hancock banks rebrand under new name

(Courtesy of Jacksonville Business News)   Hancock Whitney will become the bank's new name May 25. Change is coming for Jacksonville's two Hancock Bank branches now that Hancock Holding Company (Nasdaq: HBHC) has announced it will rename itself Hancock Whitney. The name change reflects the merger of Hancock Bank and Whitney Bank in 2011. It … Continue reading Jax Hancock banks rebrand under new name